Anybody read the small atricle on Virgin Blue in the Financial Times yesterday?
It said that Virgin Blue expect to break even next year (but this excludes V Australia costs only).
So does this mean (due to their cost saving initiatives that help compensate for falling passenger demand) they expect $0 profit/loss minus what ever V Australia loses? If so at least they're not making a loss from the flying domestically? Wonder how much V Australia will lose? Aren't they now, due to the GEC, expecting 4 years until they break even from start up? After this GEC I'm sure it will be a success, especially with more code-sharing on the way. Just have to see the recession through though which is the '$64000 question'. How much has Virgin Blue openly got in the bank?